Melting Governance

The Board of Directors and Strong Corporate Governance

Why do financial melt-downs and corporate fraud continue to happen? The implementation of effective corporate governance calls for a positive “Tone at the Top” displayed by corporate leaders who behave ethically and ensure that the business is run according to published ethical guidelines. However, among the CFO’s responding to a 2012 Global Fraud Survey by […]

Audit Report with No Exceptions? Three reasons to follow up anyway

“If you perceive that there are four possible ways in which something can go wrong, and circumvent these, then a fifth way, unprepared for, will promptly develop.” That is Murphy’s Law, and unfortunately it applies to internal control environments everywhere. Even when the audit testing has found no exceptions and the financials have been signed, […]

Internal Audit Quality - Fusing Care and Due Diligence with Audit Principles

Internal Audit Quality – Fusing Care and Due Diligence with Audit Principles

“I’m not 39, I’m 23 with 16 Years of Internal Audit Experience” Over Thanksgiving weekend, I celebrated my 39th birthday. The first thing that struck me about hitting 39 was that “39” doesn’t seem nearly as “old” as it did when I was 23 and ready to take on the world (although my body does […]

Compensation Strategies Contribute to Risk

Compensation = Risk

How may compensation structures contribute to risk in organizations? Executives design strategies to lead their corporations toward excellence. In order to be effective these strategies must be communicated, so individual goals and objectives are created to align responsibilities across the organization. These objectives often are tied to monetary rewards for success. Employees, for the most […]

The “Frankenstorm”
Hurricane Sandy – a Business Case Analysis

The “Frankenstorm” Hurricane Sandy is an example of how quickly a change in weather can become a business disaster. Employees are absent, production comes to a grinding halt, and essential components are stranded several hundred miles away. Companies that rebound quickly have implemented strategies to allow them to manage more effectively when well-oiled processes are […]